Latest news with #GCT
Zawya
5 days ago
- Business
- Zawya
Tunisia: Resumption of phosphate loading and transport from Om Larayes mine after interruption lasting over 8 years
Tunis - The Tunisian National Railway Company (SNCFT) resumed phosphate loading and transportation operations from the Om Larayes mine to the facilities of the Tunisian Chemical Group (GCT) via a train composed of 30 wagons carrying 1,448 tonnes of phosphate, after an eight-year hiatus. The SNCFT explained that the resumption of phosphate loading and transportation from the Om Larayes mine to the GCT facilities followed the completion of works, including reinforcing the track bed on Line 15 between the Tabadit and Om Larayes stations, replacing rails and sleepers on several sections of the railway, and maintaining the track switches. Additionally, the railway track was cleared along a 3 km stretch on the Tabadit/Om Larayes line, with all necessary measures taken to ensure the sustainability of this activity. In a statement issued Tuesday, the company expressed its gratitude to all parties involved for their efforts in resuming phosphate rail transport, emphasising that this sector is a vital and strategic artery that impacts not only the company's operations and revenues but also the broader national economy. © Tap 2022 Provided by SyndiGate Media Inc. (
Business Wire
22-05-2025
- Business
- Business Wire
GCT Semiconductor and Giesecke+Devrient Partner to Launch Innovative eSIM Solution for IoT Devices
SAN JOSE, Calif, & MUNICH--(BUSINESS WIRE)-- GCT Semiconductor Holding Inc. ('GCT') (NYSE: GCTS), a leading designer and supplier of advanced 4G and 5G semiconductor solutions, and Giesecke+Devrient (G+D), a global provider of eSIM technology and developer of the first GSMA SGP.32 fully-certified product, today announced their partnership to launch a cutting-edge SGP.32 eSIM solution with Integrated Profile Activation Device (IPAd) support for multi-network IoT devices. This collaboration for eSIMs, or SIM cards directly embedded into a device, brings intelligent, location-aware connectivity to headless 4G and 5G IoT devices. In addition, the collaboration ensures peak performance based on location, availability, cost and policy – an unprecedented advancement for mission-critical applications across industries. GCT will be including this advanced capability in all future 4G & 5G chipsets. 'The adoption of eSIM technology in IoT devices and wearables has become increasingly popular, driven by the new capabilities of remote SIM,' said John Schlaefer, CEO of GCT. SGP.32 is GSMA's latest eSIM technical specification for IoT that ensures eSIM IoT technologies are secure and interoperable with networks worldwide. By integrating SGP.32 with the software component IPAd's capabilities directly into GCT's multi-network 4G and 5G chipsets and modules, the solution enables out-of-the-box connectivity and flexible lifecycle management without the need for physical SIM swaps or user intervention. 'The adoption of eSIM technology in IoT devices and wearables has become increasingly popular, driven by the new capabilities of remote SIM,' said John Schlaefer, CEO of GCT. 'However, many IoT devices lack a user interface to fully access this functionality - a challenge that IPAd effectively addresses. We look forward to working closely with G+D to provide advanced device flexibility and improved security for the growing market of IoT products worldwide.' 'The eSIM market continues to grow, both in importance and size, and is one of the core connectivity solutions of the future especially in the IoT area. Since introducing the first eSIM in 2012, and to date having provided over 500 million eSIM downloads, G+D has pioneered this space with solution innovation and by driving industry adoption and collaboration,' said BeeGek Lim, Global Head of Digital Connectivity Solutions at G+D. 'To stay at the forefront of this technology it is important to collaborate with the right partners. We are pleased to work closely with GCT to continue to define and shape the cellular connected future of the IoT.' About GCT Semiconductor Holding, Inc. GCT is a leading fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. GCT's market-proven solutions have enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications and smartphones, etc., for the world's top wireless carriers. GCT's system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness. For more information, visit About Giesecke+Devrient Giesecke+Devrient (G+D) is a global SecurityTech company headquartered in Munich, Germany. G+D makes the lives of billions of people more secure. The company shapes trust in the digital age, with built-in security technology in three segments: Digital Security, Financial Platforms and Currency Technology. G+D was founded in 1852 and today has a workforce of more than 14,000 employees. In the fiscal year 2024, the company generated a turnover of 3.1 billion euros. G+D is represented by 118 subsidiaries and joint ventures in 41 countries. Further information: Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, statements regarding GCT's partnership with G+D and ability of GCT's 4G/5G chipsets to address additional markets, including IoT markets. Words such as 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results, include, but are not limited to: the ability of the Company to develop its 5G products and generate revenue; the ability of the Company to enter into and meet the obligations under partnership and collaboration agreements; the ability of the Company to grow and manage growth profitability and retain its key employees; the Company's financial and business performance, including the Company's financial projections and business metrics; changes in the Company's strategy, future operations, financial position, estimated revenues and losses, forecasts, projected costs, prospects and plans; the Company's inability to anticipate the future market demands and future needs of its customers; the impact of component shortages, suppliers' lack of production capacity, natural disasters or pandemics on the Company's sourcing operations and supply chain; the Company's future capital requirements and sources and uses of cash; the ability of the Company to raise sufficient capital to fund its operations; the ability to implement business plans, forecasts, and other expectations, including the growth of the 5G market; the risk that the Company may not be able to repay its debt; the risk of economic downturns that affects the Company's business operation and financial performance; the risk that the Company may not be able to develop and design its products acceptable to its customers; actual or potential conflicts of interest of the Company's management with its public stockholders; and other risks and uncertainties indicated from time to time in the Company's filings with SEC, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and those disclosures under the "Risk Factors" section therein. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Yahoo
22-05-2025
- Business
- Yahoo
GCT Semiconductor and Giesecke+Devrient Partner to Launch Innovative eSIM Solution for IoT Devices
SAN JOSE, Calif, & MUNICH, May 22, 2025--(BUSINESS WIRE)--GCT Semiconductor Holding Inc. ("GCT") (NYSE: GCTS), a leading designer and supplier of advanced 4G and 5G semiconductor solutions, and Giesecke+Devrient (G+D), a global provider of eSIM technology and developer of the first GSMA SGP.32 fully-certified product, today announced their partnership to launch a cutting-edge SGP.32 eSIM solution with Integrated Profile Activation Device (IPAd) support for multi-network IoT devices. This collaboration for eSIMs, or SIM cards directly embedded into a device, brings intelligent, location-aware connectivity to headless 4G and 5G IoT devices. In addition, the collaboration ensures peak performance based on location, availability, cost and policy – an unprecedented advancement for mission-critical applications across industries. GCT will be including this advanced capability in all future 4G & 5G chipsets. SGP.32 is GSMA's latest eSIM technical specification for IoT that ensures eSIM IoT technologies are secure and interoperable with networks worldwide. By integrating SGP.32 with the software component IPAd's capabilities directly into GCT's multi-network 4G and 5G chipsets and modules, the solution enables out-of-the-box connectivity and flexible lifecycle management without the need for physical SIM swaps or user intervention. "The adoption of eSIM technology in IoT devices and wearables has become increasingly popular, driven by the new capabilities of remote SIM," said John Schlaefer, CEO of GCT. "However, many IoT devices lack a user interface to fully access this functionality - a challenge that IPAd effectively addresses. We look forward to working closely with G+D to provide advanced device flexibility and improved security for the growing market of IoT products worldwide." "The eSIM market continues to grow, both in importance and size, and is one of the core connectivity solutions of the future especially in the IoT area. Since introducing the first eSIM in 2012, and to date having provided over 500 million eSIM downloads, G+D has pioneered this space with solution innovation and by driving industry adoption and collaboration," said BeeGek Lim, Global Head of Digital Connectivity Solutions at G+D. "To stay at the forefront of this technology it is important to collaborate with the right partners. We are pleased to work closely with GCT to continue to define and shape the cellular connected future of the IoT." About GCT Semiconductor Holding, Inc. GCT is a leading fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. GCT's market-proven solutions have enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications and smartphones, etc., for the world's top wireless carriers. GCT's system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness. For more information, visit About Giesecke+Devrient Giesecke+Devrient (G+D) is a global SecurityTech company headquartered in Munich, Germany. G+D makes the lives of billions of people more secure. The company shapes trust in the digital age, with built-in security technology in three segments: Digital Security, Financial Platforms and Currency Technology. G+D was founded in 1852 and today has a workforce of more than 14,000 employees. In the fiscal year 2024, the company generated a turnover of 3.1 billion euros. G+D is represented by 118 subsidiaries and joint ventures in 41 countries. Further information: Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, statements regarding GCT's partnership with G+D and ability of GCT's 4G/5G chipsets to address additional markets, including IoT markets. Words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results, include, but are not limited to: the ability of the Company to develop its 5G products and generate revenue; the ability of the Company to enter into and meet the obligations under partnership and collaboration agreements; the ability of the Company to grow and manage growth profitability and retain its key employees; the Company's financial and business performance, including the Company's financial projections and business metrics; changes in the Company's strategy, future operations, financial position, estimated revenues and losses, forecasts, projected costs, prospects and plans; the Company's inability to anticipate the future market demands and future needs of its customers; the impact of component shortages, suppliers' lack of production capacity, natural disasters or pandemics on the Company's sourcing operations and supply chain; the Company's future capital requirements and sources and uses of cash; the ability of the Company to raise sufficient capital to fund its operations; the ability to implement business plans, forecasts, and other expectations, including the growth of the 5G market; the risk that the Company may not be able to repay its debt; the risk of economic downturns that affects the Company's business operation and financial performance; the risk that the Company may not be able to develop and design its products acceptable to its customers; actual or potential conflicts of interest of the Company's management with its public stockholders; and other risks and uncertainties indicated from time to time in the Company's filings with SEC, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and those disclosures under the "Risk Factors" section therein. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on Contacts G+D: Press contact Giesecke+DevrientChristoph LangHead of Corporate Brand Communications and Government RelationsPhone: +49 89 4119-2164E-Mail: GCT: Investor relations website: relations contact: Gateway Group, Ralf Esper, GCT@ Media contact: media@
Business Wire
19-05-2025
- Sport
- Business Wire
Grandmaster Praggnanandhaa Rameshbabu Wins 2025 Superbet Chess Classic Romania in Thrilling Playoff
BUCHAREST, Romania & SAINT LOUIS--(BUSINESS WIRE)--In a thrilling playoff finale, Indian Grandmaster (GM) Praggnanandhaa Rameshbabu emerged victorious as the 2025 Superbet Chess Classic Romania champion, capturing his first-ever Grand Chess Tour title during the second leg of the elite global series. Indian Grandmaster Wins Second Leg of the Grand Chess Tour; Takes Home $77,667 Prize Share 'It feels great to win a Grand Chess Tour event,' said Praggnanandhaa Rameshbabu. 'Last year, I came close but fell short in the tiebreak, so having a few hours to rest beforehand this time made a real difference—the games can get so intense. I've been working on playing more ambitiously, and I'm incredibly grateful to my support team for helping me get here.' GMs Maxime Vachier-Lagrave and Alireza Firouzja won in the final round to squeeze into a three-way tie for first. It was only after three playoff blitz games that Praggnanandhaa won the title. Firouzja and Vachier-Lagrave both won $67,667. 'Superbet Chess Classic 2025 was a truly exciting tournament from the very first round. The mix of experienced grandmasters and rising young talents created an atmosphere of fighting chess that lasted throughout the event. For the second year in a row, the final round brought a dramatic climax, with a tie-break among the top three players. This tournament once again proves our concept: bringing together established champions and emerging stars from around the world, many of whom are already part of the chess elite. We are proud to be part of such a remarkable event,' said Michael Khodarkovsky, GCT Executive Director. _________________________ 1 Praggnanandhaa Rameshbabu won the event playoffs to secure first place. Expand 'Congratulations to Praggnanandhaa on his first Grand Chess Tour victory at the Superbet Chess Classic in Romania. Over nine days of intense competition, the tournament showcased the extraordinary talent of every participant. We are especially proud of Romanian player Bogdan Deac and his impressive performance. A heartfelt thank you to all the players for making this an unforgettable event, and to the chess fans around the world who followed each move with enthusiasm,' said Augusta Dragic, President of the Superbet Foundation. Next up, marking the midway point of the Grand Chess Tour, the SuperUnited Rapid & Blitz Croatia —sponsored by the Superbet Foundation —kicks off on July 1 in Zagreb. Following the same fast-paced format as the Superbet Rapid & Blitz Poland, this major tour stop will feature seven full-tour players and three wildcards, including World #1 GM Magnus Carlsen. Live commentary begins at 8:00 a.m. CDT with GMs Yasser Seirawan, Cristian Chirila, and Peter Svidler, IM Nazi Paikidze, and WGM Anastasia Karlovich on the Saint Louis Chess Club's Twitch & YouTube channels. The remaining 2025 tour schedule will include: SuperUnited Rapid & Blitz Croatia: June 30-July 7, 2025 in Zagreb, Croatia Saint Louis Rapid & Blitz: August 9-17, 2025 in Saint Louis, Missouri, USA Sinquefield Cup: August 16-29, 2025 in Saint Louis, Missouri, USA GCT Finals: September 26-October 4, 2025 in São Paulo, Brazil GCT participants are currently competing for a recently increased prize purse of $1.6 million over the course of the 2025 season. The prize fund for each of the two classical tournaments will be $350,000 and $175,000 per event for rapid and blitz. Top four finishers of the regular season of five tournaments will compete for the purse of additional $350,000 in the knockout matches at the GCT finals. For more information, visit About the Grand Chess Tour The Grand Chess Tour is a circuit of international events, each demonstrating the highest level of organization for the world's best players. The legendary Garry Kasparov, one of the world's greatest ambassadors for chess, inspired the Grand Chess Tour and helped solidify the partnership between the organizers. For more information about the tour, please visit About the Superbet Foundation Since 2019, Superbet Foundation has made chess one of its core initiatives by organizing the first tournament of the Grand Chess Tour in Bucharest. The Foundation is committed to establishing a tradition of Grand Chess Tour tournaments within the Romanian and Polish chess communities. For more information, visit About the Saint Louis Chess Club The Saint Louis Chess Club is a non-profit, 501(c)(3) organization that is committed to making chess an important part of our community. In addition to providing a forum for the community to play tournaments and casual games, the club also offers chess improvement classes, beginner lessons and special lectures. Recognizing the cognitive and behavioral benefits of chess, the Saint Louis Chess Club is committed to supporting those chess programs that already exist in area schools while encouraging the development of new in-school and after-school programs. For more information, visit
Time of India
18-05-2025
- Sport
- Time of India
Pragg-matic with ambition intact
R Praggnanandhaa R Praggnanandhaa once again stole a march over D Gukesh in an elite classical tournament this year. At Wijk aan Zee, The Netherlands, he needed Erigaisi Arjun to win the last game of the classical phase before beating world champion Gukesh in tiebreak playoffs. But at the Global Chess Tour (GCT) Romania tournament, Pragg left his more celebrated compatriot far behind. It was not a high-scoring tournament. World No. 7 Pragg (Elo 2758) needed just two wins (over Nodirbek Abdusattorov and Wesley So) in nine games to be in a three-way tie and then proved himself to be better than Frenchmen Alireza Firouzja and Maxime Lagrave in blitz playoff. He had lost all three games, including one against Gukesh, in last year's four-way playoff in the same tournament. Though Pragg reached the 2023 World Cup final and defeated Magnus Carlsen multiple times in speed chess, Gukesh and Arjun made more definitive progress in classical chess last year. Pragg is turning a new leaf now with solidity and pragmatism without compromising much on an ambitious approach. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost Of Amusement Park Equipment From Mexico Might Surprise You Amusement Park Equipment | search ads Click Here Undo Former seven-time national champion Pravin Thipsay told TOI: 'He played speculative chess in 2023 and thereabouts. The Candidates 2024 was a great opportunity which made him fully understand that speculative play can't be the strategy in a classical game. He now plays more accurate openings and consistently follows the strategic ideas in the sharp positions he chooses.' With two defeats and eight wins at Wijk and Bucharest in 22 games among elite rivals, what is he doing differently this year? 'Nothing specific,' Pragg said. 'I am trying to be more ambitious whenever I play, trying to go for tournament wins. Thanks to Ramesh sir too, when things were not going my way last year, we were trying to improve on things. I think we are seeing the results of that hard work.' Get IPL 2025 match schedules , squads , points table , and live scores for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Check the latest IPL Orange Cap and Purple Cap standings.
